Sharing economy
Short-term rental hosts left disappointed
The short-term property rental market has become a trap for the majority of owners who entered into it due to the problems the pandemic created to the sector.
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Airbnb cuts 1,900 jobs as coronavirus hits home rentals
Airbnb Inc is laying off 25 percent of its workforce, or nearly 1,900 employees, the home rental startup said on Tuesday, as the Covid-19 pandemic brings global travel to a near standstill.
"Airbnb's business has been hit hard, with revenue this year forecasted to be less than half of what we earned in 2019," founder Brian Chesky said in a memo to employees.
Greek hosts eye share of Airbnb payout
Those who let their properties on the short-term rental market are seeking ways to retain their presence there, having invested time and money in developing what is effectively a new economic activity in response to the decade-long financial crisis in Greece.
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Short-term property rental market saturated
The number of properties up for short-term lease in Greece has soared from just 130 in 2010 to over 200,000 by the end of 2019, according to a survey by the Center of Planning and Economic Research. Despite the huge changes this surge has brought to the property market, however, the regulatory framework has resisted change and adjustment to reality.
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Airbnb incurs Paris wrath over Olympics partnership
Airbnb became a leading partner of the Olympics in a nine-year deal announced on Nov. 18 that drew strong criticism from Paris, host of the 2024 summer Games.
Government mulls tax on Aibnb, short-term rentals
The tourism ministry is considering imposing a tax on short-term rentals such as Airbnb on the grounds that it would establish equal treatment with hotel accommodations.
As the daily Ta Nea has reported, sources say that Tourism Minister Haris Theocharis is planning to table a bill in Parliament that would substantially change the framework set by the previous government.
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Airbnb Expects to Go Public in 2020
Airbnb, a private rental company, has announced that it plans to go public in 2020, DPA and Reuters reported. From now on, analysts predict that this will be one of the most anticipated listings in the coming year.
In a brief communique, Airbnb announced that it "expects to become a publicly traded company in 2020".
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The New Service for Shared Scooters Lime is Now Entering the Bulgarian Market
The Lime Shared Electric Scooter Service is now available in Sofia after reaching a number of capitals in Eastern Europe. The company is the first to offer such a service in the city, and it is the largest in the world in the segment. 150 scooters will be available for people in the capital, according to an official announcement of the company.
Greek housing sector rebounds at strongest clip in more than 12 years
The recovery in Greece's housing market gained speed in the second quarter with prices increasing at the strongest pace in more than 12 years, helped by an expanding economy and growing foreign interest, central bank data showed on Monday.
Rising rents for students in Athens this fall
University students seeking to rent houses in Athens this autumn will have to shell out as much as a third more in rent compared to last year.
Contrary to expectations, however, short-term rentals through Airbnb are not to blame.
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